RW, " When it comes to being a shareholder of Berkshire Hathaway, many things that might initially seem odd make sense in the fullness of time. My initial reaction on May 3 was that Mr. Buffett should have announced his decision at the start of the meeting rather than at the end. However, if he had done so, nearly every question would have been about succession rather than the operations of the business which would have been undesirable. I also was disappointed when I read that Mr. Buffett will no longer be on stage at future annual meetings, but this also makes sense if Mr. Abel is to feel like he's truly in charge.

Mr. Buffett's daughter said that it was "way better" for her father to retire now rather than to serve until his death, which was the previous plan. She also said that her father has no regrets about the decision. While many details remain unknown, especially regarding the management structure Mr. Abel will put in place once he is in charge, shareholders have reason for confidence based on decisions made so far."

rationalwalk.com - Greg abel steps into the spotlight